South Korea vs Thailand: Monthly minimum wage, annual growth rate
South Korea
2.49 % change on previous year
in 2024
Thailand
2.9 % change on previous year
in 2024
South Korea rank
89th
Thailand rank
87th
Monthly minimum wage, annual growth rate over time
- South Korea
- Thailand
How they compare
Thailand currently reports 2.9 % change on previous year against 2.49 % change on previous year in South Korea, a difference of 0.41 % change on previous year.
That makes Thailand's figure about 1.2 times South Korea's.
The two have swapped places 3 times across 29 shared years of data; in 1996 it was South Korea ahead.
South Korea ranks 89th and Thailand ranks 87th of 168 countries.
Across the 4 decades both report, South Korea averaged higher in 3 and Thailand in 1.
Head to head by decade
| Decade | South Korea | Thailand | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 6.89 % change on previous year | 2.87 % change on previous year | 4.02 % change on previous year | South Korea |
| 2000s | 10.17 % change on previous year | -0.2099 % change on previous year | 10.38 % change on previous year | South Korea |
| 2010s | 6.9 % change on previous year | 8.03 % change on previous year | 1.13 % change on previous year | Thailand |
| 2020s | 3.39 % change on previous year | 1.84 % change on previous year | 1.55 % change on previous year | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher monthly minimum wage, annual growth rate, South Korea or Thailand?
- Thailand, at 2.9 % change on previous year against 2.49 % change on previous year in South Korea as of 2024.
- What is the difference in monthly minimum wage, annual growth rate between South Korea and Thailand?
- 0.41 % change on previous year, with Thailand ahead.
- How many years of comparable data are there for South Korea and Thailand?
- 29 years are reported by both, from 1996 to 2024.
- How do South Korea and Thailand rank globally for monthly minimum wage, annual growth rate?
- South Korea ranks 89th and Thailand ranks 87th of 168 countries.
- Where does this data come from?
- Statizoid (derived), published as Monthly minimum wage, annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The year-on-year percentage change in Monthly minimum wage. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.